The Business Times, 6 March 1982

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MARCH I, 1182 60 CENTS
    11 words
  • Budget Highlights
    • 50 1 EXEMPTION for residential properties from estate duty will be revised to include the full value of any one residential property from April 1. This means that the exemption limit on residential properties will be $600,000 or the full value of any one residential property, whichever is higher.
      50 words
    • 58 1 ALL savings with the Central Provident Fund will be exempted from estate duty from April 1. This will not include amounts withdrawn under approved schemes and not refunded to the CPF. However, if the balance exceeds $100,000, no further exemption will be given for other assets, except
      58 words
    • 27 1 GOLD deposits held by foreigners, who are neither resident nor domiciled in Singapore, will not be liable to estate duty from April 1.
      27 words
    • 47 1 ALL employees' contributions to CPF and designated approved pension and provident funds will be fully tax deductible from the 1983 assessment year. If a taxpayer's contributions do not exceed $5,000 he is allowed to include life insurance premiums to make up the maximum of $5,000.
      47 words
    • 54 1 RELIEF for aged dependants will be raised from $750 to $1,000 per aged parent or grandparent living with the taxpayer, subject to a maximum of two, from the 1963 assessment year. The dependant must not have an income greater than $1,500 a year. This figure is twice
      54 words
    • 56 1 FIXED charges in PUB bills will not be included for calculating the 10 per cent tax charge. The tax will only be imposed on the total charges for the electricity, gas and water consumed and the water-borne fee. The tax will remain at 10 per cent of
      56 words
    • 28 1 ACU offshore loan agreements which were signed before April 1, 1980 will not attract ad valorem stamp duty when repatriated to Singapore from April 1,1982.
      28 words
    • 54 1 ROAD tax on buses with passenger capacity of more than 46 will be $5,500 per bus. This means a reduction of $1,000 per bus for Singapore Bus Service buses, all of which have a capacity of more than 46 and which have been taxed at a
      54 words
    • 33 1 CAPITAL allowances for company registered cars will be raised from $25,000 to $35,000 from April 1. This is to bring the allowance more in line with the current prices of cars.
      33 words
    • 37 1 TAX concessions for the leasing industry. These include allowing accelerated depreciation to the lessor on equipment leased to a lessee who would be eligible for the accelerated depreciation had he purchased the equipment himself.
      37 words
    • 40 1 UPWARD revision of pensions for all locally domiciled government pensioners. However, the revision is for those who draw less than $850 a month in pension. The revision will benefit 97 per cent of the 7,685 locally domiciled pensioners.
      40 words
  • 606 1  -  By ZHOU MEI DR TONY TAN'S budget speech for fiscal year 1962-83, presented to Parliament yesterday, was one marked by a mixture of caution over tough times ahead and optimism over Singapore's ability to weather the storm. There was relief for the individual taxpayer over PUB
    606 words
  • 423 1  -  By BERNADETTE CHOOI INDUSTRIAL development will be more difficult this year, warned the Minister for Trade and Industry, Dr Tony Tan, in his budget statement yesterday. As recessionary conditions in the world economy are expected to continue into 1962, companies face the prospect of
    423 words
  • 389 1 LEASING, a long neglected branch of the financial industry here, came into the forefront yesterday as Dr Tony Tan singled it out for one of the best concessions of the year. The only drawback was that he did not clear the uncertainty regarding the fixing of the
    389 words
  • BRIEFLY...
    • 24 1 The Development Bank of Singapore will reduce its prime rate by half a percentage point to 9.25 per cent from Monday
      24 words
    • 55 1 UPI LONDON, Fri. The {Mice of gold plummeted today to US$337 an ounce, the lowest rate in years. The dollar dropped against most currencies, except the pound. Gold opened at $337 an ounce, the lowest since prices set record lows in September 1979. Thursday's closing on the
      UPI  -  55 words
    • 74 1 Reuter LONDON, Fri. Opec oil ministers are about to hold talks on the world glut in one of the Gulf capitals and, if they can agree on coordinated action, will move to a formal Opec conference in Geneva. It is believed that some Opec ministers are headed
      Reuter  -  74 words
    • 68 1 Reuter KUALA LUMPUR, Fri. Natural rubber producers and consumers today agreed to extend the deadline for the ratification of the International Natural Rubber Agreement (Inra) until April 15. Delegates at a special session of the Inra Council said they are confident the required 80 per cent of both
      Reuter  -  68 words
    • 52 1 Reuter TOKYO, Fri. The Finance Ministry is planning to tax proceeds from investment in zero-coupon bonds in or after fiscal 1983. The ministry yesterday banned the sale of the bonds to Japanese investors in order to curb the large capital outflows from Japan to the US and EEC
      Reuter  -  52 words
    • 59 1 AP w WASHINGTON, Fri. The United States expects Japan to make budget sacrifices to increase its own defence potential and to meet the Soviet threat in Asia. Albert Seligman, director of the Office of Japanese Affairs in the State Department, said Japan must use its own resources to
      AP  -  59 words
    • 66 1 Reuter KUALA LUMPUR, Fri. A Japanese consortium led by Nippon Steel and the Heavy Industries Corporation of Malaysia (Hicom) signed an agreement to build a US$36O million sponge iron plant in Trengganu. Hicom chairman Tan Sri Jamil Jan said Ms64o million of the total cost will be
      Reuter  -  66 words
    • 68 1 AP LONDON, Fri. Sir Freddie Laker, who travelled free from the US this week while stranded passengers of Laker Airways paid extra for the same flight, has been stripped of his right to courtesy tickets. British Airways said it is withdrawing the privilege accorded to all
      AP  -  68 words
    • 35 1 AFP NEW DELHI, Fri. Encouraged by last year's performance, the Apparels Export Promotion Council of India has raised its export target of garments for the current year to a much higher US$B33 million.-AFP
      AFP  -  35 words
  • 146 1 ECONOMISTS wetoamed the bedget St s realistic aad rati»—l strategy to mmvage iavestmeat aader times «f wsrld etMMmk ■■certainties. Dr Haak lim, secretary sf the Er—mir Saclety at Wags pre, described the badget as a "aeat strategy to reatraetare the eeeaemy to make It mare resUieat
    146 words
  • 289 1 THE business community generally welcomed the positive measures outlined in the Budget though some sectors were disappointed that it did not offer new incentives to promote exports. Mr Wee Chow Yaw, president of the Singapore Federation of Chambers of Commerce and Industry, said the chamber is disappointed
    289 words
  • Page 1 Advertisements
    • 256 1 Hit) X-* l'i) Times MANUFACTURERS Hanover Trust Company is expanding the scope of its regional processing centre in Singapore to cover transactions with banks throughout South-east Asia Page 2 THERE are few bull points to halt the current decline in the price of gold Page 2 A RESEARCH and development
      256 words
    • 52 1 Worldwide management experience at your fingertips. Exe^irt' The compact monthly magazine offering selected condensations of management articles and books from all over the world. World Executive's Digest Now available at all bookshops, emporiums news-stands. Distributed by RTTI FEDERAL PUBLICATIONS I I*l New ndu,tria Road, Singapore 1953 A member of the
      52 words
    • 3 1 See page 2
      3 words
    • 16 1 BUDGET INDEX Raising the money I Spending the money Pag The budget speech Editorial comment I
      16 words
    • 29 1 fc=". BUDGET SPECIAL FOUR PAGE PULL-OUT INSIDE A xA *?&rj d> A o °w <$* «*V s cT *\V f& m-,,:<■ to Agwyt EXCELSIOR (PTE) LTD. High Street, Singapore 0617.
      29 words

  • BANKING AND FINANCE
    • 399 2  -  By LEE YOKE MENG MANUFACTURERS Hanover Trust Co (MHT) is expanding the scope of its regional processing centre in Singapore to cover transactions with banks throughout South-east Asia. The move is also but one in a planned series of regional processing centres
      399 words
    • 118 2 CHINA'S foreign exchange reserves rose to U554.77 billion at the end of 1981 from $3.82 billion at the end of the third quarter, the New China News Agency (NCNA) said on Thursday. Gold reserves fell one per cent to 12.67 million troy ounces. It was the
      118 words
    • 503 2 Reuter THERE are few bull points in the gold market to halt the current decline in price to 2Vi year lows, bullion dealers and analysts said. Gold fell to its lowest fixing since September, 1979, at an afternoon setting on Thursday of U*****.50 an
      Reuter  -  503 words
    • 547 2 Reuter THE US Treasury may be forced to cancel or delay an auction of 20-year bonds scheduled for late this month, officials in New York and Washington said. Congressional officials and bond market analysts in New York said congressional resistance to a Treasury bid to abolish a ceiling
      Reuter  -  547 words
    • 274 2 Reuter UNION BANK sf Swttserlaad will make M capital Increase in IK hecaase It has mmegh latitat la its ha Isare sheet caver, haak prtaidcat Nlkalaas Beaa said. The haak still has ta reserve the passihOltji sf Issuing w hsrdlasli 4 Isaas, which
      Reuter  -  274 words
    • 106 2 BEST Denki's US$l5 million convertible bond, maturing in 15 years, will carry a fixed exchange rate of 238.45 yen to each US dollar. Lead manager Nikko Securities said the conversion price of the bond is being set at 1,505 yen per share of common
      106 words
    • 82 2 CITIBANK lowers its prime lending rate in Singapore by half a percentage point to 9.5 per cent. The reduction, effective from today, is also accompanied by a 0.25 to 0.75 percentage point fall in deposit rates. The new rates are: 6.5 per cent for three-month fixed
      82 words
    • 669 2 THE European Investment Bank (EIB) has launched a US$l5O million, seven-year bond issue with a 15 Vi per cent coupon and a par issue price. The bonds, of a nominal value of $10,000, are redeemable at par in two equal amounts of 15,000 in March 1985 and
      669 words
    • 229 2 CHEQUES encoded with magnetic ink character recognition (MICE) for automated clearing, starting in September, can be folded. However, it should not be severely creased as the MICR may be distorted beyond recognition by the computer. To prove this point, Banking Computer Services (BCS) sent 200
      229 words
    • 156 2 Reuter A POUR Mia— traae demestle bead laaached tkk week by Electric!te de Fraaee (EDF) has —red the Preach bead market aad caased twa laser» ached lied far next week to be peetpeaed, primary deaieetle bead market afficUls said. A SM mllH— traae bead frem Baaqae de
      Reuter  -  156 words
    • MONEY AND EXCHANGES
      • 231 2 SINGAPORE gold futures yesterday closed sharply lower compared with overnight levels, reflecting a decline in overseas gold markets, dealers said. Trading was moderate with total sales (or the day, including kerb volume, recorded at 473 lots. Prompt closed sharply weaker at U*****/341 an ounce compared with 352/ £4 on
        231 words
      • 36 2 New York 7«B 7 MB 7.SSS 7.71S Zurich 7.52B 7 6TB 70S 7.77S PM nui Singapore 7.«B 7 5KB 7.S6S 7 7K CVatagprfc -ta In US dollar* troy oune r. Source: Credit Suisse, S'pore.
        36 words
      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Mar 8 to Mar 12: Offered: $150,000,000 Applied for: 1201,200.000. Alleged: $150,000,000. Accepted Mds: $99.25, approximately 7 per cent higher bids in full. Average rate ti dlseeut m alletmeat: 2.690 per cent per annum.
        50 words
      • 113 2 THE dollar in London yesterday opened steady in quiet conditions although at lower levels after easing in the Far East overnight. The dollar opened at 235.20/40 yen, up from its close in Tokyo at 234.45 but down from Thursday s close in London at 236.60/75 yen. Dealers said the
        113 words
      • 209 2 THE US dollar In Hongkong yesterday ruled narrowly mixed against major currencies, with trading cautious on expectations of a decline in US money supply M-l due out later yesterday, dealers said. The US unit edged up to 2.3475/85 marks against an early 2.3470/80, still below New York's 2.3535/50 close,
        209 words
      • 120 2 THE dollar for overnight delivery in Tokyo yesterday closed weaker at 234.45 yen after a 234.90 opening. This was also lower than the 234.85/235.00 close in both New York and on the US West Coast overnight and the 235.80 close in Tokyo on Thursday. Trading was moderate on a
        120 words
      • 22 2 THE average rate at which major Singapore banka are currently prepared to lend to their beat customers is 9.98 per cent.
        22 words
      • 177 2 ASIAN ASIAN currency deposit Interbank rates as at close on Mar 5: US D*Uan<8a*t) Offer Bid 7 days 14 8/16 14 7/16 1 month 14* 14* 2 months 14 0/16 14 7/16 3 months 14* 14* 6 months 14* 14* 0 months 14* 14* 12 months 14* 14* Das. 8wM
        177 words
      • 44 2 RANGE of pric Oflfef ■ed by diacount I—I on Mar S: Overnight: 3% Call deposits 3% Cko*ta« 3-month B.yia« SeUiac Treasury bills 2W SM 3-month Bank bills 7V* 7H 3 months CD 7Vt 7* 6 months CD 7* 7H Source: National Discount Co
        44 words
      • 499 2 TRADING was active but erratic on the foreign exchange market yesterday with the American dollar falling sharply in the morning and rebounding strongly later in the day. It closed firmer against most major currencies except for the Singapore dollar. The US dollar opened at 552.1070/80 against the local
        499 words
  • Page 2 Advertisements
    • 148 2 %f3\te n r* C£. v*fc Z. y/ys/drss. ,-M, iPir THE POOL FAB FULLY AUTOMATED POOL! 10.2 x 4.5 metre pool built-in breakfast bar automatic chlorination automatic cleaning all yours for just $58,000 including $8,000 worth of automatic equipment FREE And the Pool Fab system is superbly designed! Well-tried and tested
      148 words
    • 199 2 SL MARINA CENTRE DEVELOPMENT PTE LTD SLMCD is currently engaged in the development of the Marina Centre Project which, when completed, will comprise 3 luxury hotels, a large retail complex including 4 department stores, parking space for 2600 cars and various ancillary facilities. In line with its current and future
      199 words

  • TRADE AND INDUSTRY
    • 537 3 THE Singapore Bus Service (SBS) will have at most two other bus companies competing to operate full-time bus services. This was revealed by the Minister for Communications, Mr Ong Teng Cheong, in Parliament yesterday. He also said his ministry will not prevent
      537 words
    • 365 3 THE HOUSING and Development Board is looking into more ways of mechanising building procedures so that Oats can be built quicker and with fewer labourers. The Minister of State for National Development, Mr Lee Yock Suan, said in Parliament yesterday that the
      365 words
    • 740 3 SEMINARS AND COURSES March 1-May -6: Certificate in Computer Programming Part I COBOL Programming, NPB, NPB March 6, 13, 20: The Secretary in Management Today, SIM Conference Room, SIM March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS March 7-11: Internationa] Federation
      740 words
    • 359 3 At least 50 lines of businesses in Singapore can be successfully franchised. Mr Howard Bellin of International Franchising, a franchising consultant company in Australia, said there is no need to pay for a foreign franchise when a local franchise can be developed. Mr Bellin is
      359 words
    • 486 3  -  By RICHARD SEAH A RESEARCH and development base for chainsaws and agricultural equipment for use in developing countries may soon be set up in Singapore. Kioritz Corporation, Japan's top manufacturer of the equipment, is already working on some new products with its local agents, Spotradio
      486 words
    • 396 3 THE Ngo Hock group, which recently took over the franchise of Renault cars from Champion Motors, is investing more than $4-5 million in a new automobile complex. The three-storey Ngo Hock Auto complex, to be located at Yew Tee Industrial, off Woodlands Road, will occupy about
      396 words
    • 314 3 ELECTRONIC Data Systems (EDS), the sole agent for Wang computers, is offering a new software package, SPEED 13, which promises a saving of up to 80 per cent in time when writing programmes. EDS uses the turn-key approach when dealing with its customers. It
      314 words
    • 243 3 HSICHELSohne has appointed Ricbe Monde in Singapore and Malaysia as sole distributors (or the Sicbel range of wines. The range includes Blue Nun Uebfraumilch, the wellestablished and popular brand which has had rapid sales and is now the largest selling wine in the area. SEEING is believing. That
      243 words
    • 323 3 YAOHAN Singapore to investing about US million in a new «tore at Partway Parade, a new Stopping cum-offlre caanpftn to be built at Marts» Parade The company has yet to decide 11 it wtil maintain two stores in the Katong area.
      323 words
    • 271 3 THE over-crowded travel agent market will soon face sharper competition with the entry of Carrian Travel Services, the travel arm of the powerful Carrian group. Its entry into the travel market is the group's second area of operations in the Republic. Its first foray
      271 words
  • Page 3 Advertisements
    • 247 3 See it atthe MSAI9B2 Seminar series Cut costs; increase efficiency; improve cash flow; maximise profits the MSA way. Proven, easy-to-use. General Ledger, Financial Forecasting Modeling, Fixed Assets Accounting, Accounts Payable, Accounts Receivable, Inventory Control Purchasing, Personnel/Payroll Management Reporting. Online Application Software featuring Easy-screen® User-friendly online screen generator. Gives freedom in
      247 words

  • OVERSEAS
    • 470 4 Reuter UK CHANCELLOR of the Exchequer Geoffrey Howe still has scope for a modest "give-away" budget, mainly for industry, in spite of a fall in North Sea oil revenues, government officials said. His main aim remains to encourage economic recovery by cutting the
      Reuter  -  470 words
    • 165 4 LABOUR ministers from the main non-communist developed countries have agreed that measures must be taken to ease an alarming rise in unemployment in the Western world, but they differed sharply on the approach to use. Meeting at the Paris headquarters of the Organisation
      165 words
    • Article, Illustration
      489 4 ARRIVALS KEPPEL Boleslaw Ruminski (1100 hauls 70m West (at K.W. request) 35/36 Foochow (0700 shifts (at K.W. rquest) »/30 Merian (0900 after Taronga shifts) 46 Niaga XXI (0700) 27 Nan Ping Shan (hauls after Boleslaw Ruminski hauls) (at K.W. request) 38/39 Boleslaw Ruminski (1100 hauls 70m West
      489 words
    • 780 4 AP THE rate of economic growth in the Association of South-east Asian Nations is the fastest in the world. "Constantly rising per capita income offers a rapidly expanding market," the US Commerce Department said in a special report on Thursday. "Today, the market of
      AP  -  780 words
    • 123 4 AFP MITSUI Engineering and Shipbuilding Company, Japan's leading shipbuilder, will help Indonesia and Malaysia build large ships and tankers. Indonesia's PAL Shipyard, owned by the Ministry of Research and Technology, can only build ships up to 600 dwt ton, but the ministry wants
      AFP  -  123 words
    • 506 4 AP THE MANAGING director of the International Monetary Fund, Mr Jacques de Larosiere, has called for bold and determined policies by the industrial and developing countries to restore the health and dynamism of the world economy. The call was made in a speech
      AP  -  506 words
    • 410 4 AP THE UNITED States may well face a record foreign trade deficit this year and worse trouble ahead if current trends continue The warning was given by Commerce Secretary Malcolm Baldrige in a speech prepared for delivery to the Foreign Policy Association in New
      AP  -  410 words
    • WORLD IN BRIEF
      • 506 4 Agencies CHINA and the United States yesterday signed a tax exemption agreement for shipping and air transport. The agreement provides mutual exemption from taxation of the income earned by shipping and air transport enterprises. US Ambassador Arthur W Hummel and Minister of Finance Wang Bingqiang signed
        Agencies  -  506 words
    • 278 4 Reuter POLAND iMtter reprieve tram a greap «I later- hub m Tbarsday •Iter telliag them It sbeeld be able to make laterest pavmeits estimated at UB$M to W mllliM by tbe ead tt the meatb. A spakesmaa far West Germaay'» Dresdaer Baak said a
      Reuter  -  278 words
    • 550 4 NYT AMERICAN officials are becoming increasingly fearful that a sizeable Israeli assault of southern Lebanon is virtually certain. Several weeks ago Prime Minister Menachem Begin assured President Reagan that Israel would not attack unless there is a "clear provocation." But the
      NYT  -  550 words
    • 767 4 1 ARRIVALS Service Local Operator Number Tine From AI AI411 0005 SYD/PER S1A SQI1 0025 LAX/TYO PAA PA005 0220 NYCSFO AHA/HKG CAL CI333 0220 TPE/HKG Cargolux CV796 MAS MH601 0415 0700 LUX/DXB KUL SU SQ101 0845 KUL MAS MH811 0845 PEN MAS MH671 0915 KUL RBA Bid
      767 words

  • BUDGET 1982
    • 1279 5  -  Revenue By LEE YOKE MENG SAY WHAT you may about the advantages of a big screen, an excellent cast and a good production, but the growth of home video entertainment is likely to hand a fairly hard blow to cinema owners here. Official revenue
      1,279 words
    • 1217 5 Education spending will rise sharply, by $425.9 million, and industrial and commercial development will get an extra $258.4 million, most of it earmarked as additional loan facilities for Jurong Town Corporation, DBS, PCS and the Ship Financing Scheme, plus higher payments under the Fixed Rate Export Financing Scheme.
      BT Chart by Alan Chan  -  1,217 words
    • 661 6 THERE ARE TWO kinds of budgets. There are budgets which set off fireworks and seek to make major reforms in society and there are those which seek not to make significant changes and instead try to keep an economy on an even keel. Singapore's
      661 words
    • 638 6 AS DR GOH KENG SWEE sat listening to the budget speech in parliament yesterday, his mind may well have flitted back to a day in late November of 1959 the day he rose to present the budget for fiscal 1960, the first full year after
      638 words
    • 300 6 Development A SHARP rise in outlays for public housing will push up the National Development Ministry's needs by some 48.4 per cent to $3.15 billion, well above the average annual growth rate of 28 per cent during '78 to '81. The ministry's outlays as a
      300 words
    • 527 6 r Finance 4 FINANCE Ministries invariably reveal themselves as the biggest of the big spenders and Singapore's is no exception. The other trait they share worldwide is that their development spending accounts (or an overwhelmingly high proportion of the total. In fiscal '82, Finance will
      527 words
    • 330 6 r Trade and Industry THE STATUS of the Trade and Industry Ministry has increased rapidly over the past few years as Singapore broadened its economic base to avoid the pitfalls of having all its eggs in one basket. So it is fitting in more than one sense
      BT CHART BY  -  330 words
    • 182 7 THE GOVERNMENT expect» a total expeadltsre eattara far last fiscal year •f $7.11 ktlltea, slightly UNtor li per eeat abeve the kadgetted figsre. The laerease is malaly provlpayments lata the alaldag vkle aplHt > 'htan Jebt requirement*. Meet departmeats either met er kept well wtthia their target
      182 words
    • 437 7 Labour THE IMPORTANCE of management-labour relations and improved productivity is reflected in the Labour Ministry's estimated spending for fiscal '82, which is 40 per cent above the previous year at 121.22 million. More than 99 per cent of this is recurrent expenditure, with only $40,000
      437 words
    • 147 7 DEFENCE SPENDING will rtoe 13.5 per cent to $1.7 bilHon, tally S per ceat under the avenge growth rate for *****161. Aad the Defence Ministry's share «I tetal government spending has fallen (rem 18.1 per eeat in fiscal 1178 to 15.1 per cent in 1161 and a projected 15.7
      147 words
    • 155 7 MAJOR re-organisation programmes account for most of the Home Affairs estimated spending increase of 23.2 per cent to a total of 1315.7 million in fiscal '82. Ministry, police, national service command and the Gurkha Regiment are all having their headquarters re-organised while the ministry's computerisation programme also contributes
      155 words
    • 160 7 THE Foreign Affairs Ministry (MFA) expects to spend $61.68 million, 23.4 per cent more than the fiscal '81 provision, with more than 80 per cent of the total set aside for recurrent expenditure. The increased rate of growth under 18 per cent previously is largely for three new
      160 words
    • 298 7 Communications THE VITAL role played by communications is reflected in an increase of more Hun 30 per cent in that sector's spending power. It gom up by 586.49 million to <372 million, confirming the ministry's position as one of the country's big spenders. Recurrent expenditure is likely to
      298 words
    • 131 7 SPENDING by the Health MaWry m developments wfll (all by a hefty Sftr mat ia tke earning year, mainly beeaaae aaft aajN haapital prajecta are ia tke eampletlea ltat la aae reaaaa why the ministry's total apeaflag la expected to lacrease by saly li per eeat milttaa, eampared with
      131 words
    • 552 7 Education FOR EVERY dollar spent on education in the coming year, 75 cents will go to primary, secondary and junior college sectors, 15 cents (or higher education at university level and the residual 10 cents for technical and vocational training. That is the kind of easy-to-read breakdown
      BT CHART BY  -  552 words
    • 4169 8 EXTRACTS FROM DR TONY TAN'S SPEECH AFTER REVIEWING last year's performance and the general state of the econbmy, Dr Tony Tan said the objectives of the Budget are to: Increase the supply of skilled, technical and professional manpower needed to facilitate the restructuring and
      4,169 words
    • 497 8  -  By BARRY VOLPERT IT WAS bet outside, ud the crowd ef reporters ud eirlNt onio«ker« wu uzlmi to eater the «IfwdWued PirUumt Once they get inside, however, It wm hard fer them te tell that it wm Bidget Jtey the meet important day ef
      497 words
  • Page 5 Advertisements
    • 238 5 «»5 vm Philips ILLUSTRATED <■< r- < r* W.\ KVVAS I«■'.<•»•«» W..1, ATLAS THE WORLD What makes PHILIPS' ILL USTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book that is visually
      238 words

  • Page 6 Miscellaneous
    • 637 6 I 1 -11-OSE CROSSWORD CRYPTIC PUZZLE ACROSS With which most disagree (6) Just for fun, mad Ivan takes Carl out (8) So, Sir, I became a god Name of one going back to church (5) A word of sympathy for the needy (4) Letter to Dan from a singer (4)
      637 words
    • 754 6 Man's vainglorious actions A MAJOR Mi aa ex-army captala elsafe with each ather thla aft eras sa la Mr Ride Te Ohry at Lltpn ea Chaaael S. TVe ex-army eaptala prevents the big*ted Thaagh this is a repeat shew, It's wsrth watchlag, especially whea yaa eaa eateh Elisabeth Taylsr, Baeh
      754 words

  • Page 7 Advertisements
    • 179 7 What happens when you give your child only plain rice? You know that he will find it unpalatable and its not nutritional enough for proper growth. And so it is with the intellectual growth of your child. The school textbooks are like plain rice. Your child needs more than that
      179 words
  • Page 7 Miscellaneous


  • RAW MATERIALS
    • 783 9 COFFEE: Robusta futures yesterday were steadier at midday with prices between £21 and £3 a tonne up on Thursday's close in traded positions. Dealers said the late morning saw some solid buying from trade houses and speculators following initial substantial commission house buying which had taken most positions
      783 words
    • 131 9 THE Kuala Lumpur crude palm oil market yesterday tended mixed in moderately active trading, dealers said. In March south dropped M 52.50 to $970 a tonne, north was unchanged at $967.50 and central traded at $965. South region in April gained $4.50 to $960 while central fell $4.50
      131 words
    • 229 9 RUBBER prices in Singapore yesterday closed slightly higher with March One RSS buyers quoted at 177.50 cents per kilo, up three cents from Thursday's close. Morning prices were marked up slightly on some forward demand after easing marginally on lack of follow-through buying support. Prices gained further ground in
      229 words
    • 309 9 RAS price* In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 177.00 178.0QN Int. 1 R.S.S Marco 178.00 178.50 Int. 1 R.S.S. April 178.50 179.00 Int. 2 R.S.S lOt JO 107 JON UK/Coot 165 50 166.50N bit. 3 R.S.S 142.00 164.00N UK/Coot
      309 words
    • 69 9 THE STRAITS tin price la Peaaag yesterday climbed eight ceata to M $31.21 a Idle, still la the ITC lewer sector ef 929.1$ aad $3ZM. The higher tread was attributed to eeattaaed withholding ef the metal by miners aad majer purchases by the buffer stock manager. Seme sappert
      69 words
    • 34 9 Rubber: Mar 5 Singapore: March: 177.50 cents (up 3.00 cents) Malaysia: March: 200.00 cents (up 3.00 centa) Tin: M 530.29 per kilo (up 8 cents) Official offering: 163 tonnes (down 12 tonnes)
      34 words
    • 111 9 Reuter SUBSTANTIAL support from both rubber producers and the International Natural Rubber Organisation is needed this year to lift depressed rubber prices, the London-based commodity broker Rudolf Wolff said in London on Thursday. Writing in their latest review, the, brokers said they were discouraged by
      Reuter  -  111 words
    • 345 9 Reuter SILVER PRICES fell to their lowest level since August 1979 during first ring London Metal Exchange dealings on Thursday morning when Three Months delivery traded down to 424 pence per troy ounce. Dealers cited general lack of investment interest in precious metals, highlighted
      Reuter  -  345 words
    • 417 9 THE recurring shortage of crude palm oil experienced by domestic refiners has been brought about by a mixture of over-enthusiasm on the part of investors in the industry, approval of a large number of manufacturing licences by Mida and the rising demand (or palm oil products
      417 words
    • 259 9 LEVELS fell back five cents overall in quiet trading to reverse last week's recovery of current One RSS, H«Uiay, Catler, Bath ai4 Campaay said in its review of the rubber market for the week ended March 4. Stale bull and trade hedge releases of the maturing March
      259 words
    • 1187 9 NEW YORK STOCKS STOCKS IN New York on Thursday closed lower ova- a broad front, amid growing qpncern about the outlook for the economy. High technology shares were among the biggest losers, hit by heavy liquidation following a lower earnings projection by Data
      1,187 words
    • 114 9 NOON SSI ft and SMR priem; yesterday &AS Mere* April (Carreal Buyers 6 iMtk) teller* (Forward Mill > Beyer* Sellers SSR 20 (1 too pallet t> 184 00 1M.00N 164.00 *****N SSR50 (1-MB pallet ;> ***** 163. OON 161 00 163 OON M1ILB Mank April SMRCV (1-ton
      114 words
    • 208 9 SOYBEAN futures in Chicago on Thursday closed mixed in light trade, up 2V4 US cents a bushel in nearbys to off 4V« cents in deferreds. Professional demand for May in afternoon trade, believed to be short-covering, sparked local short-covering and rallied nearbys to the plus side, traders said. Buy-stops
      208 words
    • 161 9 WHEAT futures in Chicago on Thursday edged further off day's lows late, on mainly local short-covering in response to dried-up selling interest, traders said. Prices settled down Vi to IV* US cents a bushel. Lack of bullishly construed grain fundamentals, along with continued economic concerns, held prices on the
      161 words
    • 171 9 CHINESE Prihet Eukiage, per 1M kg yesterday. Cteewt ail: Bulk fob (96.00 sellers, ok) drum (In second hand drum) fob $110.00 sellers, new drum fob (114.00 sellers. Csfra: Mixed (loose) $47.00 buyers. Pepper: Muntok white pepper fob Acts NLW $375.00 sellers, Sarawak white pepper faq fob NLW $370.00
      171 words
    • 196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot «-godown) Csttsa yara: China Blue Phoenix 20s 2,440; 32s 3.150, 40s 3.215 (per hale of 400 lbs). Piece gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • 323 9 SINGAPORE: Yesterday's closing prices in S3 per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.20, 100 per cent second class 1.02, 100 per cent third class 1.00, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.70, Special
      323 words
  • ASIAN STOCKS
    • 117 9 SHARE prices in Bangkok yesterday closed mostly lower or steady in dull trading, dealers said. The Book Club index dropped 0.36 point to 93.07 on a turnover of 4.0 million baht. Bangkok Bank fell two baht to 206, Siam Cement dropped one to 153 while
      117 words
    • 84 9 MAR 06 Acoft Mtnuif NM ma tun AUaj Coo A AUil Oon. R BafUio OoU Benfuet Coo B BP Oontrtcb CDCP u JOM M 1.00 -14 *000(8 -1.1 ■u -04 Lepanlo B Hwlnduqut B Oriental a Oriental B Phil Oman Phitai A Phliei B Pioneer PLOT Podco B Po«*l
      84 words
    • 52 9 FINANCIAL TIMES INDUSTRIALS Thursday 866.7 Wednesday 566.2 Week Ago 561.8 DOW JONES AVERAGE INDUSTRIALS Thursday 807.56 Wednesday 815.16 Week Ago 825.82 H.K.HANG SENG Friday 1158 82 Thursday *****8 Week Ago *****0 AUSTRALIAN INDUSTRIALS Friday 821.7 Thursday 827.3 Week Ago 635.2 ALL ORDINARIES Friday 464 9 Thursday 472.7 Week
      52 words
    • 296 9 HONGKONG STOCKS IN Hongkong yesterday closed higher on pared gains with prices trimmed by late profit-taking, reflecting investors' lack of confidence in the market, brokers said. The Hang Seng index closed up 18.34 points at 1,158.92 against a 24.86 gain at the morning close. Most leaders finished
      296 words
    • 289 9 SELLING of leading stocks in Sydney yesterday continued, particularly resource issues, amid expectations of Opec oil price falls and lower gold values. The All-Ordinaries index was down 8.1 points at 464.9 making a decline for the week of 26.1. Industrials eased 5.6 points to 621.7 while
      289 words
    • 400 9 SHARE prices in Tokyo yesterday fell sharply with sentiment overshadowed by growing tension over Japan, US trade, deteriorating earnings prospects of Japanese companies and the Wall Street overnight fall, dealers said. The market average lost 69.28 points to end at 7,285.54, its lowest since Oct 27,
      400 words

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 159 10 MAR M rU ABM mia +17 Ahotd 71« 4.4 AtaO BJO ♦OJ AMBV BJO unch Aoafa» 70.00 -01 Amrobn* 48J0 +oj Berfom Bar! BJO +0J Bota aUH uncb BonumlJ 91 JO -1 Burtunann 39.00 -1 Caland 34.70 -44 Calva CM It »40 -0.8 D»ll MU 75.70 +1.1 Ennla lOOJO
        159 words
      • 246 10 MAR 04 Pn CORBEILLE Alr-Uqulds 407 B 8 N Onnli DUMMM IM C 8 P (ThomsonC*f\ rm -13 -10 -T CM PrancaMa da* Patrotas 130 -U Compacntc Ptnanctarc Oompagnte OtMfftU 40X30 13 Cradli Pone tar Dc Franc* 300 -4 Hachauc (UDralrM) Marhtntt Bull MO 3179 -t •1.40 MleJMUn (B)
        246 words
      • 88 10 MAR 04 m 4-/-FORWARD MARKET Acoc -i as -13 Arbad A«bir ism 41# -46 -|Q Braaemn Bru-Lunb m 1906 -14 -36 finrnf Cock 1313 10 D* Bwri BbM 3M 1030 -0 BoctroCxi 4100 OD Qb-Inno-Bm ZMO Or* 1300 •130 Hobo* 3336 •36 4646 4-40 Ryl Dutch 1404 40 Stdro
        88 words
      • 173 10 MAR M Dm Aag-TtlafunJ AJtao Alls Utaa Alii Van IA8T k»n MAO >10 1MA00 Ml AO uuo unci) +11 -At 1J MM moo +0J llkJO OJ aw -u 117 JO *Xi mm «jjo 141 JO 1J S1J0 +0.1 irrjo 197 JO 4 1S0DB Dautacha Bank JTOJO Dradrxr Bank 140
        173 words
      • 126 10 MAR 04 PTmnca Aetlooa awnM SO uneh AJ iritwa Br 510 -B Brown Bow?" Wr MM -5 S5? g*p 25? o*u p c rs S5it°2s."x—a C»41l Bill— Rk SB -1 IMInntt Br. £tx -a Oaorf* Ptaehcr Br 400 Qtofcn» Pe S1W Hwofc. Sir» unch Horrsum La ««to. im mm
        126 words
      • 81 10 MAR M ur, goto»» MT.n +M» •o mm CratrmJ* CM «300 -I* Cood Acqt* Ron,. niM nn Ort isBxt M Ointiill ifltOBO -MO Ol® ttn .iM w Prt? -Aft s, irn -u ft* M -1LM Mxiwmil ***** Mltao AM Ort 1MH -Mi Mooaadori Pm «So -mo MnaliiWwn 141 7«
        81 words
    • 108 10 SufjHHpi S n—■ Dm T«r 1 Dm* IIIOM 13* r p Ucoabrtdc* 1 WcoBbrMf* Cap m+ -i KMW l»* Ot Wart Uft 1 Ot YaUow Kate 1 Oatf OU Ou I OH IIOCB 1 II* H lam* OU D« 16 il mtrti U Bp ou j Int Pro* Pip*
      108 words
    • 255 10 MAR M Rand INDUSTRIALS A Alpfta Abarcoo AS And CI M m m -u ttfxh -15 AMIC Bvkm Mk 1000 ■4 A D Currlt ruianc Dt D»«n lad Ueoa tdan a -M 1060 unch Tmmh r»d vou -15 ru»«t Oarditn OkananJ nun Hippo Htraid HuMM Ubarty Loorbo LTA M
      255 words
  • Page 10 Advertisements
    • 245 10 "The American Express Card serves you well, wherever good food is served". for your warm patronage during our 10th Anniversary celebrations. Because of its wide popularity and appeal, our Nonya Buffet Luncheon will now be offered as daily fare. The true Singapore flavour— only $10* Our popular Nonya Buffet Luncheon
      245 words
    • 84 10 4= rh fitCUw mmMMimiJj 4 J horsushi. For teppanyaki. For other authentically Japanese delights. I'/'l'' < I 1■ 'I' >'/>", ■><)/>". 10 ,U> i> > ri < >r r» 'scrratu »is ca!l.7:mh77 < «'iiiur\ I'• ii'k S|ii>i':iluii Sili| M n*<■ offers JAZZ BRUNCH onsundays 10.30 am. -3 p.m. $21 per
      84 words
    • 171 10 See Page 9 for New York prices and Asian stocks mm: Continents KISIA I K A N I Before you fly away to foreign lands, cheek-in your bags then seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most superb international cuisine you've
      171 words
    • 180 10 When you dine, dine Cantonese. i m 0 If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an
      180 words
    • 144 10 ->.«• t V Mr Crab, Mr Lobster It Mite Fish have movM to our naw and convaniant location at Lower Ground Floor (Panang Road) with affect from Ist March 1962 A tasty naw menu; and comfortable new surroundings and ot coursa. tha usual pampering sarvica. awaits you. Siamese Seafood Restaurant
      144 words

  • 1497 11 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. BECTION ONE INDUSTRIAL COMMERCIAL Ac®a (1528 2.535)
    1,497 words
  • 172 11 8DHGAP0U UNirnUR vfsssr— The Savtnfi Fund l.O ITUd S pore Prof Fund IJ2 1J8 S pore Sac. Fund 1.J0 2.00 S pore Invest Fund lffl 1.08 S'pore Equity Find LIT L» DIAMOND MOT STOBB (Mianin' priaaa tar Mar 1A1) Ptinv«4 S'pore Fd (USS) 0 74 0 78 SI
    172 words
  • 2834 11 1081/1982 High Low Coaipaay Last Sale orGr'» Div DW C TT Gr". YTd Net P/E Vol (•000) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 494 115 360 312 420 200 470 532* 875 430 248 115 130 150 308 75 360 213 322 231 Acma Alcom
    2,834 words
  • 1654 11 BID and offer prices officially I listed and business in and re- ported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. MDUmiAU •J* (150B) Ataa (1.258 IJ7S) (I) 125 (1) 1*
    1,654 words
  • 175 11 YEO Blip Stag (Malayan) Berfcad: Eighth AGM to be held at Suhang View Hotel, Melatl 4, Mezzanine Floor, Jalan SS12 1, Subang Jaya, Selangor on March 9 at noon. LOYTAPE Berhad: Tenth AGM to be held at Penthouse, 10th Floor, Wisma Central, Jalan Am pang, Kuala Lumpur on
    175 words
  • 710 11 SHAKE prim elsaed as a adzed eete at lhe mafspau steeh market yesterday after a tower epealag. The recovery begaa after the 11 am hreak wbea newi wa« received here that the Hoagkeag market had reTke Haag Seag ladex, which feU darlag the last
    710 words
  • 592 11 THE KUALA Lumpur stock market finished mixed with an easier bias yesterday after four straight sessions of losses. Despite the increased turnover yesterday, the volume of trading still remained low. And this tends to confirm views among observers that the bear trend stemmed largely from
    592 words

  • Chief Price Changes
    • 141 12 Rises Indices Olympia M Banking Textile Corp Hong Fok St Sttuibip City Dev M U I Promet Hong Leong lad Utd Plantation* Semb Shipyard Falls O U E Berjuntai M B F Hid*. Cold Storage Spore Land C Sugar* OCBC Ialaad Pea Keek Seag 155 550 210 289 478
      141 words
    • Article, Illustration
      156 12 SHARE prices closed mixed on the Stock Exchange of Singapore yesterday after a minor rally partially arrested the morning's fall. lie Straits Times Industrial Index eased 4.48 points to dose at 712.22 while the Business Times Indicator of the day's It most active stocks lost 18* points to
      156 words
  • 314 12 SHAH Alam Properties Sdn Bhd (SAP), a subsidiary of the state investment arm Kumpulan Perangsang Selangor, has been appointed developer of the state capital's commercial zone. SAP has already been awarded the contract to develop the state capital's civic centre. Development costs for both projects
    314 words
  • 148 12 ANOTHER lieil merchant bask, Temenggong Merchant Bankers Ltd (TMB), is seen to deal in Asian currency unite (ACUs). The merchant bank has applied to the Monetary Authority of Singapore for an ACU licence in a bid to expand further Its regional business. This was
    148 words
  • 611 12  -  By ALAN LEE AS EXPECTED, the Hong Leong group has hived off Hume Industries (Far East) Ltd's controlling stake in Hume Industries (Malaysia) Bhd to its Malaysian investment holding company. The latest development, however, contained a few surprises. For example, instead of
    611 words
  • 420 12 CHOO AI LENG. THE GOODWOOD group, owner of the largest chain of hotels in Singapore, has again turned in favourable results for its financial year just ended. Clearly benefitting from higher room rates and a strong demand for hotel rooms, Goodwood was able
    CHOO AI LENG.  -  420 words
  • 862 12 LONDON, Thurs. Equities were mixed but government bonds firmed and trading in both sectors was quiet ahead of next Tuesday's UK Budget. The Financial Times Index was up 1.5 points at 556.70. Government bonds were again buoyed by the resilience of sterling and selected longer dates ended V«
    862 words
  • 236 12 SOUTH Pacific Textile ladastrtes (SPTI) has been queried by the Kuala Lumpur Stock Exchange on its purchase of 1.47 million minority shares from Bandartex and the sale of its land to its subsidiary, SPTI Properties. South Pacific is to inform the consideration for the purchase of Bandartex, the
    236 words
  • 427 12 YEO Hiap Seng Ltd has refrained from maiHng any profit forecast for the current year. It has merely indicated that earnings will be "enhanced" compared with 1981. Local stock broking firm Ong and Company, however, had earlier forecast 1982 pre-tax earnings of
    427 words
  • Page 12 Advertisements
    • 371 12 f M THE MATTER OF THE COMPANIES ACT, CAP. ISS PURSUANT TO SECTION 254 KB INVESTMENTS CORPN. (PTE) LTD. r the members of KB NVESTMENTS CORPN (PTE) LTD duly convened andheld at Units 772A-776A. Block 80 sth Morch 1982 the Spedai R*W tion set out below was duly passed:"That the
      371 words
    • 289 12 Worldwide management experience at your fingertips. World \SS^ e Executive's r.vA Digest Styles of Managing I. Five Basic Styles and their Uses Michigan Business 11. Matching Styles to Situation "Situation Management" 111. The People Interface "Techniques of Leadership IV. Can a Leopard Change His Spots? :'Managing with Style" Golf: a
      289 words
  • Page 12 Miscellaneous
    • 62 12 OUTLOOK for Singapore today: Fair in the morning. Thundery showers in several places in the afternoon. R*p#rt for U hNn prter to 7JI pm m March 5 at the alrptrt: Maximum temperature 32.0 Associated humidity $1 Minimum temperature 24.9 Associated humidity 93 Hours of sunshine .!!!!!""".6.35 Rainfall in millimetres Nu
      62 words